News
THE adoption of bond notes will assist Zimbabwe to double its export earnings to $6 billion per year from around $3 billion thereby narrowing the trade deficit through increased domestic production, a Cabinet Minister has said.
GOVERNMENT expects to inject $50 million in bond notes into the economy by the end of year despite resistance from the general public.
The retail sector has embraced the proposed introduction of bond notes and the use of plastic money as a panacea to the current cash shortages bedeviling the economy.
GOVERNMENT’s aggressive pursuit to simplify business processes is coming to fruition, with revelations that the number of days it takes to start a business has since been reduced from 90 to 13.There are plans to reduce them further to between one
The Reserve Bank of Zimbabwe has assembled a crack team to compel all businesses to bank their money in line with a strategy to enhance cash circulation in the formal system.
ZIMBABWE is targeting to be in the top 100 of the Ease of Doing Business global rankings apart from an increased number of foreign and local investors.
RETAILERS have recorded an over 50% increase in the use of plastic money since the cash shortages surfaced asome months ago, the Confederation of Zimbabwe Retailers (CZR) has said.
Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday).
The use of plastic money in Zimbabwe has surged by over 400 percent during the past month as the country grapples with cash shortages, the Senate heard on Thursday.